Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002)

Codes of Conduct

Notice on Codes of Conduct for Administrative and Discretionary FSP's, 2003

Chapter I : Code of Conduct for Administrative FSP’s, 2003

Part III : Transitional provision and short title

11. Transitional provision and short title
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11.1        In this section—

 

"Conditions"

means the Conditions applicable to Investment Managers and Linked Investment Services Providers determined under section 4(1)(c) of the Stock Exchanges Control Act, 1985 (Act No. 1 of 1985), and section 5(1)(c) of the Financial Markets Control Act, 1989 (Act No. 55 of 1989), and published by Board Notice 1584 of 2001 and Board Notice 1583 of 2001, respectively;

 

"LISP"

means a linked investment services provider as defined in the Conditions and approved in terms of section 4(1)(a) of the Stock Exchanges Control Act, 1985, or section 5(1)(a) of the Financial Markets Control Act, 1989, before the date determined by the Minister in terms of section 7(1) of the Act.

 

11.2A mandate and/or application form entered into before the date determined by the Minister in terms of section 7(1) of the Act between a LISP and a client and approved by the Registrar of Stock Exchanges or the Registrar of Financial Markets in terms of the Conditions is, if the LISP becomes an administrative FSP with effect from that date, and until lawful termination of the mandate thereafter, deemed to be a mandate fully complying with section 5(1) of this Chapter, notwithstanding that the mandate does not in all respects comply with the requirements set out in section 5(2) thereof.

 

11.3        This Chapter is called the Code of Conduct for Administrative FSP’s, 2003.

 

[Part III of Chapter I substituted by sections 2 and 3 of Notice 3294 of 2003, dated 14 November 2003]